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Home BUSINESSUnemployment rate remains unchanged
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Wed, 27 Apr, 2016 12:07:18 AM
FTimes Report, Apr 27
 
File Photo Lehtikuva.
The unemployment rate in March 2016 was 10.1 per cent, having been 10.3 per cent in the corresponding period of the year before, according to Statistics Finland’s Labour Force Survey.
 
The number of unemployed persons in March was 273,000, which was nearly the same as one year ago.
 
There were 39,000 more employed than in March of the previous year. The unemployment rate was 9.6 per cent in the first quarter (January to March), having been 9.7 per cent in the respective quarter of 2015, the data show.
 
In March 2016, the number of employed persons was 2,420,000, which was 39,000 higher than a year earlier.
 
There were 30,000 more employed men and 8,000 more employed women than in March 2015.
 
In March, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 68.0 per cent, having been 66.8 per cent one year earlier.
 
From last year’s March, men’s employment rate rose by 1.8 percentage points to 69.3 per cent and women’s by 0.7 percentage points to 66.7 per cent.
 
Adjusted for seasonal and random variation, the trend of the employment rate was 68.7 per cent.
 
In March, there were a total of 639,000 young people aged 15 to 24. Of them, 240,000 were employed and 75,000 unemployed.
 
The number of young people in the active population was 315,000.  The trend of the unemployment rate among young people was 20.7 per cent.
 
The share of unemployed young people aged 15 to 24 among the population in the same age group was 11.8 per cent.
 
There were 1,416,000 persons in the inactive population in March 2016, which was 29,000 fewer than one year earlier. Of the inactive population, 127,000 persons were in disguised unemployment, which was 3,000 fewer than in March 2015.
 
In the first quarter of 2016, the average number of employed persons was 2,396,000, or 5,000 higher than in the corresponding quarter of 2015.
 
The number of employed persons increased most in transportation and storage and decreased in education as per the statistics.
 
At the end of March, there were altogether 351,000 persons registered in accordance with the Employment Office Regulations as unemployed job seekers at the employment and economic development offices. The number of unemployed job seekers was 4,000 higher than in last year's March. 
 

Changes in employment 2015/03 – 2016/03 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

 

  Year/Month Change
2015/03 2016/03 2015/03 - 2016/03
1000 persons Per cent, %
Population total 4 099 4 110 0,3
Active population total 2 654 2 694 1,5
Employed 2 382 2 420 1,6
– employees 2 031 2 082 2,5
– self-employed persons and unpaid family workers 351 339 –3,6
Unemployed 272 273 0,4
Inactive population 1 445 1 416 –2,0
– Persons in disguised unemployment 130 127 –2,4
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 66,8 68,0 1,2
Unemployment rate 10,3 10,1 –0,1
Activity rate 64,7 65,6 0,8
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.
Changes in employment 2015/I – 2016/I according to Statistics Finland’s Labour Force Survey, population aged 15 to 74
 
  Year/Quarter Change
2015/I 2016/I 2015/I - 2016/I
1000 persons Per cent (%)
Active population total 2 648 2 651 0,1
Employed persons total 2 391 2 396 0,2
Unemployed total 257 255 –0,6
– men 144 140 –2,6
– women 113 115 1,8
Inactive population 1 452 1 459 0,4
– Persons in disguised unemployment 132 153 16,3
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Changes 2015/03–2016/03 according to the Employment Service Statistics of the Ministry of Employment and the Economy

 

  Year/Month Change
2015/03 2016/03 2015/03 - 2016/03
1000 persons Per cent, %
Unemployed job seekers 1) 347 351 1,2
– unemployed over a year 103 123 18,8
Services, total 129 124 –4,1
– employed 33 21 –37,3
– in labour market training, in training 28 24 –12,9
– engaged in work/training trials 13 14 3,1
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 55 65 18,3
New vacancies at employment and economic development offices 52 52 –0,5
Unrounded figures are used in the Change column.

1) The law reform that entered into force at the beginning of 2013 and the change in the lay-off procedure on 1 July increase the number of unemployed job seekers somewhat.

Source: Labour force survey 2016, March. Statistics Finland.

 
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